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Jan 9, 2010
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i say destimulate washington. as small businesses are busy reinventing the economy, small business owners have a lot of questions. can paperless billing get me paid faster? how can i keep my best employees? how can i bring down my insurance costs? and while at american express open we may not have all the answers, we know who does. other owners. that's why we're helping business owners connect. together, we're building a community for them to talk, share and help each other. a place called openforum.com where owners can swap ideas and ask questions. will tweeting get me more customers? how can i make my business green? and one question seems especially popular. how can i get paid faster? how can i get paid faster? i was about to ask you the same thing. and they're inspiring ideas like acceptpay. a new tool from open that lets owners invoice digitally and helps them get paid faster. ask a question. find an answer. join the conversation at openforum.com. >>> the big question is how to get america working again and w
i say destimulate washington. as small businesses are busy reinventing the economy, small business owners have a lot of questions. can paperless billing get me paid faster? how can i keep my best employees? how can i bring down my insurance costs? and while at american express open we may not have all the answers, we know who does. other owners. that's why we're helping business owners connect. together, we're building a community for them to talk, share and help each other. a place called...
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Apr 1, 2010
04/10
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>>> so how about more regulations in washington? more than 35 miles per gallon. that's the obama administration's new standard for mileage on new cars by the year 2016. no one better to tell us about this than steve handelsman live from washington. >> reporter: good evening to you, larry, live from washington where a lot of people worried about the price of oil not just over the next four months but over the next four years. they've changed not the standard, but changed the timing of cafe, moving the standards that were to take effect in 2020 up to 2016. so far, pretty much everyone here and around the country steering to the same line on this. you've got the obama administration, the car makers who had to cut a deal with the administration a year ago when they got bailed out to buy in on this, the car dealers who say they've got plenty of buyers who want high mileage cars, and buyers i spoke to today. everyone is saying 35 miles a gallon, sounds great. it's an average to be phased in over four years. by 2016 the fleet of new vehicles to be sold in this country f
>>> so how about more regulations in washington? more than 35 miles per gallon. that's the obama administration's new standard for mileage on new cars by the year 2016. no one better to tell us about this than steve handelsman live from washington. >> reporter: good evening to you, larry, live from washington where a lot of people worried about the price of oil not just over the next four months but over the next four years. they've changed not the standard, but changed the...
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Mar 17, 2010
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now, are we going to make the fed just a washington/new york institution? >> i think it's worth in this case to go back to original intent. the process of a huge compromise in which the federal reserve district system was offset or to provide balance to the so-called washington/wall street access. that's why they gave a lot of power to the banks. 5 of the 12 district presidents, or, actually six of the district presidents sit on the board and their identify is to offset the power. the interesting thing about the dodd bill people trying toclipse wall street wings end up enforcing the power here and there's an argument to maintain that essential input -- >> this is a big government steal. >> this is a big washington government paragraph, is that what you're saying? >> i don't think it's intended that way. >> nothing to do in this area. two of them, right. >> two of them will. >> kansas city and st. louis. >> what do you think? >> 99 weeks, 99 weeks of unemployment compensation. >> i'm not sure that is the right way to go here. very interesting question. democ
now, are we going to make the fed just a washington/new york institution? >> i think it's worth in this case to go back to original intent. the process of a huge compromise in which the federal reserve district system was offset or to provide balance to the so-called washington/wall street access. that's why they gave a lot of power to the banks. 5 of the 12 district presidents, or, actually six of the district presidents sit on the board and their identify is to offset the power. the...
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Jan 28, 2010
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we are showing you a live picture of the debate that's happening in washington. right now we're keeping a tal leave the votes. last we saw 51 yes, 23 nos. that's according to reuters who is keeping tabs and we've got steve liesman coming up as well. >> meanwhile, maria bartiromo is in davos, switzerland, for the world economic forum. she'll be talking to some of the most influential economic minds in the world including blackstone chairman and ceo, steve schwarzman but first let's take a look at where the major indices are trading and it has been another poor day today. apart from yesterday, of course typically in this last hour, we have seen selling come in right in this final 60 minutes of trade. for the most the dow jones industrial average is down. at the nasdaq we've there a bad day for technology today on qualcomm, on motorola, disappointment on apple and i just want to talk about the levels on the s&p. importantly today we broke obvious support at 1085. we based that -- that was the base that we had, established over six weeks at the end of last year. we g
we are showing you a live picture of the debate that's happening in washington. right now we're keeping a tal leave the votes. last we saw 51 yes, 23 nos. that's according to reuters who is keeping tabs and we've got steve liesman coming up as well. >> meanwhile, maria bartiromo is in davos, switzerland, for the world economic forum. she'll be talking to some of the most influential economic minds in the world including blackstone chairman and ceo, steve schwarzman but first let's take a...
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Jan 28, 2010
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steve liesman, as promised, is in washington with the latest. steve, how's the count going? >> language on. i'm going to turn off kyle. he was just talking. he'sen declares senate republican. >> what did he say? >> debated at this however over the fill buster to stop the nomination of ben bernanke. kyle was talking negatively of bernanke. senator schedule stod vote at 3:20. if they end the filibuster they go to vote on nomination. all indications are bernanke has enough votes to went both but will win with influential opponents. >> even after bear stearns failed chairman bernanke did little to prepare for additional failures. in other words, bernanke fiddled while our markets burned. >> shelby is in the minority for how the senate's likely to vote. but he's in the majority within his party. developing story. talked about with kyle. bernanke could win a second term without the support of the party whose president, president bush, first nominated him. 42% of republican senators support the chairman. 11-15. bernanke could get as many as 70 votes and the senate sentiment reflect
steve liesman, as promised, is in washington with the latest. steve, how's the count going? >> language on. i'm going to turn off kyle. he was just talking. he'sen declares senate republican. >> what did he say? >> debated at this however over the fill buster to stop the nomination of ben bernanke. kyle was talking negatively of bernanke. senator schedule stod vote at 3:20. if they end the filibuster they go to vote on nomination. all indications are bernanke has enough votes...
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Mar 23, 2010
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with all the punditry, all the lobbying, all the game playing that passes for governing in washington. it's been easy at times to doubt our ability to do such a big thing. such a complicated thing. to wonder if there are limits to what we, as the people, can still achieve. it's easy to succumb to the sense of cynicism about what's possible in this country. but today we are affirming that essential truth, a truth every generation is called to rediscover for itself. that we are not a nation that scales back its aspirations. we are not a nation that falls pray to doubt or mistrust. we don't fall prey to fear. we are not a nation that does what's easy. that's not who we are. that's not how we got here. we are a nation that faces its challenges and accepts its responsibilities. we're a nation that does what is hard, what is necessary, what is right. here in this country we shape our own destiny. that is what we do. that is who we are. that is what makes us the united states of america. and we have now just enshrined, as soon as i sign this bill, the core principal that everybody should hav
with all the punditry, all the lobbying, all the game playing that passes for governing in washington. it's been easy at times to doubt our ability to do such a big thing. such a complicated thing. to wonder if there are limits to what we, as the people, can still achieve. it's easy to succumb to the sense of cynicism about what's possible in this country. but today we are affirming that essential truth, a truth every generation is called to rediscover for itself. that we are not a nation that...
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Mar 2, 2010
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in washington, where president obama making
in washington, where president obama making
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Jan 4, 2010
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i'm diana olick in washington. u.s. construction spending fell bay larger than expected . 6% in november with private home building leading the way down. the commerce department reports private residential construction saw the biggest decline, 1.6% since june. that after rising 4.8% in october. federal reserve board chairman ben bernanke says he's open to using monetary policy raising interest rates to fend off future housing bubble pps although he says that vigilant mortgage lending regulation should be the first course of action. >>> and government controlled mortgage giants fannie and freddie to create a new agency that would backstop losses on all asset backed securities. the industry funded structure could avoid a future collapse. check back with the realty checkup at 2:50. >>ian a thanks for that. dubai inaugurating the tallest building today. trying to schiff intermichael jacksonal attention away from its deep financial crisis. guy johnson is in dubai on the ground with the latest. >> it was quite a show about ha
i'm diana olick in washington. u.s. construction spending fell bay larger than expected . 6% in november with private home building leading the way down. the commerce department reports private residential construction saw the biggest decline, 1.6% since june. that after rising 4.8% in october. federal reserve board chairman ben bernanke says he's open to using monetary policy raising interest rates to fend off future housing bubble pps although he says that vigilant mortgage lending regulation...
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Jan 21, 2010
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it's what's coming out of washington. so another day like this, then i think it would be time to buy and then i think we would have seen you know a pretty bad case scenario priced in. >> what about, karen, what's coming out of china in terms of the feeling that there may be a tightening there? and certainly the pullback that we've seen in commodities. materials, for one, are having a terrible day. alcoa, for example and some the other commodities are really getting hammered and we're watching the dollar as well. so you've got washington on one hand weighing on the markets and you've got china on the other. how do you play that right now? >> caller: well, it's a little painful for today. but i think that the china growth story is still intact. i think it's not a bad thing for them to put on the brakes a little bit, so you know for a longer term investor, which we are, i don't think that's a terrible thing. we don't really do a lot today. the extent we get a little bit more of a sell-off, i'll buy some of the names that we
it's what's coming out of washington. so another day like this, then i think it would be time to buy and then i think we would have seen you know a pretty bad case scenario priced in. >> what about, karen, what's coming out of china in terms of the feeling that there may be a tightening there? and certainly the pullback that we've seen in commodities. materials, for one, are having a terrible day. alcoa, for example and some the other commodities are really getting hammered and we're...
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Mar 9, 2010
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so if we're all saying this, why doesn't washington get it? >> what's interesting, of course, is how it will impact fed policy. if, let's say, next month, as many people are saying we get 300,000 job growth, yes, it's going to be census workers. but who cares. job growth will go forward. then let's say congress actually does something good and stops the overall extension unless they find a way to pay for it of these jobless benefits. you can look at a scenario and you can see the jobless rate fall significantly if everyone's right about this, down to 8.5%, maybe in less than six months. >> andy is right. i want to add to that. andy is right and it could lead down the road to policy mistakes. that would be one of the worst outcomes. >> peter, low tax rates i want and a steady currency. >> god bless you, larry. >> that's the supply said. low tax rates across the board for individuals and businesses. and i want a steady dollar, peter navarro. >> and you do or don't care about the deficit, larry? >> we'll get to spending limitations later. >> the
so if we're all saying this, why doesn't washington get it? >> what's interesting, of course, is how it will impact fed policy. if, let's say, next month, as many people are saying we get 300,000 job growth, yes, it's going to be census workers. but who cares. job growth will go forward. then let's say congress actually does something good and stops the overall extension unless they find a way to pay for it of these jobless benefits. you can look at a scenario and you can see the jobless...
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Apr 9, 2010
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they testified before this financial crisis committee in washington. steve moore, let me go -- you guys would both like to privatize. i want to go to a separate but related subject. we know the model for private profit and taxpayer bailouts doesn't work, but i want to get into this. how responsible for the financial meltdown was fannie and freddie, acting upon the mandates from hud, the housing department, andrew cuomo was the secretary, congress, barney frank and his ilk, essentially saying we want you to buy up these mortgages we made that were given to people that could not afford them in the first place. how culpable is fannie mae, for example, for the wholenings meltdown, steve moore? >> i think they're at the epicenter. the problem is with these institutions, you're right, that they have these kind of private profits, but they socialize the losses, but it's deeper than that, and maybe something we would agree on. you have these institutions making massive contributions to members of congress, people on the banking committee, that's one of the rea
they testified before this financial crisis committee in washington. steve moore, let me go -- you guys would both like to privatize. i want to go to a separate but related subject. we know the model for private profit and taxpayer bailouts doesn't work, but i want to get into this. how responsible for the financial meltdown was fannie and freddie, acting upon the mandates from hud, the housing department, andrew cuomo was the secretary, congress, barney frank and his ilk, essentially saying we...
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Jan 26, 2010
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what about what washington's going to do? one of the rumors we're starting to see again is there might be restrictions on short selling again. whenever there's uncertainty people naturally gravitate toward pushing a stock. >> apart from the instant uncertains of today, of this week, are your customers excessively risk averse because of what they've gone through over the past couple of years? are they holding back and ultimately will they come back into the marketplace when they say i can't live on 0% returns on the fixed income. >> i think, yes, they will definitely come back. i think we're starting to see people come back. >> originally you come back with a toe in the water, so to speak and you go with a foot and things like that. >> a lot of them lost a leg. >> i agree. so when you come back, they'll come back smarter and they're taking a swimming lesson, so to speak right now. >> they're learning how to right calls. >> that's why your options business is up so big. >> even if the stock doesn't move. they make money on eith
what about what washington's going to do? one of the rumors we're starting to see again is there might be restrictions on short selling again. whenever there's uncertainty people naturally gravitate toward pushing a stock. >> apart from the instant uncertains of today, of this week, are your customers excessively risk averse because of what they've gone through over the past couple of years? are they holding back and ultimately will they come back into the marketplace when they say i...
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Jan 22, 2010
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thank you, from wall street to washington, it's been a huge week around the nation. up neck, we'll look back at the eventful week and tell you what it means for the markets and the economy down the road. stay with us. ( inspiring music playing ) someday, the driver will get to choose how efficient or powerful their car will be. the first ever hs hybrid. only from lexus. the most fuel-efficient of all luxury vehicles. >>> welcome back. the markets end the week with a rocky three days. it's turned january into a loser from a winner when the month began, certainly, the week -- at the beginning of the week the markets were higher and we hit 15-month highs just a week ago. questions surround around the fed chair, as new restrictive proposals are considered. we look now at the week that wa. let's me kick this off with you, you have more news right now impacting the markets coming out of the uk. >> that is exactly right. late in the day, traders tell us that money was going into treasuries, specifically the short end of the market after the uk raised its terror threat level
thank you, from wall street to washington, it's been a huge week around the nation. up neck, we'll look back at the eventful week and tell you what it means for the markets and the economy down the road. stay with us. ( inspiring music playing ) someday, the driver will get to choose how efficient or powerful their car will be. the first ever hs hybrid. only from lexus. the most fuel-efficient of all luxury vehicles. >>> welcome back. the markets end the week with a rocky three days....
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Mar 26, 2010
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i'll go back to the one thing we keep talking about on this show and that's whether or not washington is really making the best policy decisions when it comes to this economy and, therefore, when it comes to investors. carmine, what is your time rise and how long can this bull market last before some of these policy issues start to seep in? >> see, it's been my contention that basically the bull market continues to go on and we'll see quite strong gains, so long as rates do not rise. at some point rates are going to begin to rise and you'll see this collision between public and private credit demands that could be of historic proporti proportions. if you look back at past jobless recoverries, basically off of the 1991 recovery and off of the 2001. both of those cases we saw the longest, strongest bull markets. we did not see a 10% correction in the equity market off the 1990 low for seven years. and 2001 when they rallied, it took five years to see a 10%. >> what do you think the bond market has been telling us over the past couple days and do you think it will keep moving in this dir
i'll go back to the one thing we keep talking about on this show and that's whether or not washington is really making the best policy decisions when it comes to this economy and, therefore, when it comes to investors. carmine, what is your time rise and how long can this bull market last before some of these policy issues start to seep in? >> see, it's been my contention that basically the bull market continues to go on and we'll see quite strong gains, so long as rates do not rise. at...
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Jan 27, 2010
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also keeping one eye on the third panel down in washington at the house oversight hearing. and most sort of amazingly here in next 15 minutes hearing from the federal reserve on interest rates. >> and whether or not -- >> oh, yeah, that. >> well, you know, one of our guests said the other day they'll be careful in the wording because with the cloud hanging over the bernanke reappointment, they have to be careful with the wording so they don't seem as though they're reflecting the politic ice they have to look independent. >> you have a point on the ipad. >> as much as media companies hope it's another platform for our content, let's remember the new pricing scheme from disney. i believe it's key chest in which you used to pay separately for the different things, dvd and now you have to pay one price and covers all and i wonder if the tablet, the ipad will do that. >> i wonder which one of you two will get it first. >> i'll wait because the pricing is 50% cheaper in six months. >> i was burn sod bad with the kindle. >> all right. we'll see you tomorrow. "street signs" we rin
also keeping one eye on the third panel down in washington at the house oversight hearing. and most sort of amazingly here in next 15 minutes hearing from the federal reserve on interest rates. >> and whether or not -- >> oh, yeah, that. >> well, you know, one of our guests said the other day they'll be careful in the wording because with the cloud hanging over the bernanke reappointment, they have to be careful with the wording so they don't seem as though they're reflecting...
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Jan 8, 2010
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john harwood is in washington there. >>> still to come on the "closing bell" one iconic company that recently emerged from bankruptcy is helping pop special star lady gaga help score her number one hit. >>> welcome back. let's take a look at business headlines that we're covering this afternoon. the jobs report number, one story are of the day. it may have disappointed wall street but positive economic news for investors to digest for the day. economists were forecasting a decline of 0.2%. meanwhile, sales jumped 3.3%. more than triple wall street's expectations. and the largest gain in ten months. >>> according to published reports, apple suppliers have begun shipping touch screen panels and other parts that would be used in the company's highly anticipated tablet pc. that would set the table for a second quarter of product launch. apple is expected to officially announce the production of the tablet later this month. >>> an orange juice future's hitting a fresh two-year high today. subfreezing temperatures in florida are expected to continue this weekend which could further damage
john harwood is in washington there. >>> still to come on the "closing bell" one iconic company that recently emerged from bankruptcy is helping pop special star lady gaga help score her number one hit. >>> welcome back. let's take a look at business headlines that we're covering this afternoon. the jobs report number, one story are of the day. it may have disappointed wall street but positive economic news for investors to digest for the day. economists were...
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Jan 14, 2010
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i think that people are taking a wait-and-see approach, waiting on washington to dictate what the policies are going to look at. >> i see. still seeing buying power in technology. >> and materials. >> what you are seeing in the financial services. >> only seen is the sell side. so our customers are getting out, lighting up positions but it's not significant. i mean they're not big players in them anyways so it's hard to gauge what my guys are doing as opposed to what steve's customers are doing but as far as tech stocks definitely seeing money going into it. >> catalyst, steve, later in the year 2010, what are the main catalysts that investors need to focus on in terms of putting money to work. >> where i get bullish, middle of the year, unless the bush tax cuts are extended i think that we're looking at higher taxes in 2011. the market's always ahead. >> yeah, looking at higher taxes we know. >> well we are but a rumor that those tax cuts are extended, so if they aren't extended, we're looking at june/july on a pullback, foreseeing higher taxes, higher corporate taxes, higher payroll taxe
i think that people are taking a wait-and-see approach, waiting on washington to dictate what the policies are going to look at. >> i see. still seeing buying power in technology. >> and materials. >> what you are seeing in the financial services. >> only seen is the sell side. so our customers are getting out, lighting up positions but it's not significant. i mean they're not big players in them anyways so it's hard to gauge what my guys are doing as opposed to what...
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Mar 5, 2010
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there is the uncertainty coming out of washington, which is huge. there is a lot less dynamism in the economy. normally you have 7 million people every quarter getting a job and almost 7 million people losing a job. that's way down now in these current quarters. so it doesn't feel like and isn't as dynamic an economy. i think the reason for that is small businesses are still getting cut off. the fed has rates near zero. the interest rate is near zero, but that hurts savers. the more it borrows, it's borrowing at almost 0 interest, and that's the giant sucking sound in savers in the government. that's why it feels like a weak economy. >> you're in a group with three other experts. you can ask an expert question. >> i want to provide three pieces of data here. we had a question last hour about the service week, and i did talk to the b.s., and they tell me that, in fact, half of the sample on pay rolls is on either a biweekly or semi-monthly basis here. what that means is if anybody worked during that two weeks that constitute the 12th in there that th
there is the uncertainty coming out of washington, which is huge. there is a lot less dynamism in the economy. normally you have 7 million people every quarter getting a job and almost 7 million people losing a job. that's way down now in these current quarters. so it doesn't feel like and isn't as dynamic an economy. i think the reason for that is small businesses are still getting cut off. the fed has rates near zero. the interest rate is near zero, but that hurts savers. the more it borrows,...
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Mar 17, 2010
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you from the capitol in washington. stocks are heading higher and the dow industrials are higher for the seventh straight day and following a larger than expected decline this morning. the blue chip average and the s&p 500 touching 18-month highs. the nasdaq tonight at a 19-month high. federal reserve chairman bernanke on the hill today urging the lawmakers not to cut the federal reserve's oversight of the financial sector. and we will get into that. and crude oil is up tonight at closing near $83 a barrel. the dow jones industrials today closing up 47 digits, and the recession hit at 2:00 p.m. eastern time today, but nonetheless, 10,733. the nasdaq composite and the s&p 500 seeing money flows today. the nasdaq up 11 points and .05 and also coming off of the highs on the s&p 500, and closing price for the nasdaq. s&p 500, picking up 2/3 of one percent at 11.66. we go back to bob pisani with all of the action. >> hello, maria. good to see you. we are not getting the volume that a lot of people want to see and hoping for,
you from the capitol in washington. stocks are heading higher and the dow industrials are higher for the seventh straight day and following a larger than expected decline this morning. the blue chip average and the s&p 500 touching 18-month highs. the nasdaq tonight at a 19-month high. federal reserve chairman bernanke on the hill today urging the lawmakers not to cut the federal reserve's oversight of the financial sector. and we will get into that. and crude oil is up tonight at closing...
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Jan 22, 2010
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what is your take on the proposals coming out of washington? >> it makes no sense. it really doesn't accomplish a whole lot. if you really think about the lines of business that they're addressing, they really didn't have anything to do do with this financial crisis. they're going after prop trading. what did that have do with the meltdown? nothing. what did the financial hedge funds do with the meltdown, nothing. it doesn't make a whole lot of sense to stop them from engaging in these businesses. and also, why penalize the banks to pay for the losses that the car companies have created? >> well, you know, i don't think that people would say that the car companies created the overall, you know, upset when we were on the brink there when lehman brothers went bankrupt. but certainly, the automakers were a part of the financial upset. there's no doubt about it. and they, in some cases, drove their companies into the ground. >> well, if you look at the t.a.r.p. money, paulson didn't want to give money to the auto companies because he knew that people about political foo
what is your take on the proposals coming out of washington? >> it makes no sense. it really doesn't accomplish a whole lot. if you really think about the lines of business that they're addressing, they really didn't have anything to do do with this financial crisis. they're going after prop trading. what did that have do with the meltdown? nothing. what did the financial hedge funds do with the meltdown, nothing. it doesn't make a whole lot of sense to stop them from engaging in these...
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Feb 4, 2010
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this 80% washington post showed an e-mail history of all of this, and these guys were knowingly reckless. all you have to do is read their e-mails. >> but jerry, if one opposes the actual bonus payment, what is the way out? in your judgment -- >> bankruptcy. that's the only way to break a contract. >> that's why i liked dick blumenthal's letter so much, he said if this thing had gone into bankruptcy, they wouldn't even apply. >> so you want to change those contracts? go into bankruptcy. sue the government paper or go into bankruptcy. >> i appreciate your points of view very much. jerry sonnenfeld, jeffrey boyer. >>> the dynamic duo are robert wright and steve moore. there they are in living color, and they will debate this proposition. you're watching cnbc first in business worldwide, and i opposed the aig bonus bailout, pure and simple. that's just my view. ♪ yes, you're lovely... ♪ what do you think? hey, why don't we use our points from chase sapphire and take a break? we can't. sure, we can. the points don't expire... ♪ there is nothing for me... ♪ there's no travel restricti
this 80% washington post showed an e-mail history of all of this, and these guys were knowingly reckless. all you have to do is read their e-mails. >> but jerry, if one opposes the actual bonus payment, what is the way out? in your judgment -- >> bankruptcy. that's the only way to break a contract. >> that's why i liked dick blumenthal's letter so much, he said if this thing had gone into bankruptcy, they wouldn't even apply. >> so you want to change those contracts? go...
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Feb 25, 2010
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two events going on in washington as stocks sink on wall street. we will monitor that throughout our show and we are also monitoring president obama's health care summit at the white house as he tries to salvage his reform legislation. it doesn't look like republicans are buying it, though, so far, but first we want to get you caught up on the markets. that's one of the biggest stories so far today. it took about five minutes for stocks to give all of yesterday's gains. plus worries that greece could get downgraded right now. take a look at the s&p and how it's trading. coca-cola enterprises is the only thing propping it up. it's up 33% right now. the s&p traded the down side, the dow, we didn't get a chance to show you, but the dow is down 165 points and that's a percent and a half. coca-cola company is the biggest loser within the dow and the nasdaq is trading to the down side by almost 1.5%. let's show you the vix, the volatility index, to give you a flavor of what's going on today, it is up at the 20 mark. trish, what's happening on the floor?
two events going on in washington as stocks sink on wall street. we will monitor that throughout our show and we are also monitoring president obama's health care summit at the white house as he tries to salvage his reform legislation. it doesn't look like republicans are buying it, though, so far, but first we want to get you caught up on the markets. that's one of the biggest stories so far today. it took about five minutes for stocks to give all of yesterday's gains. plus worries that greece...
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Mar 16, 2010
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coming up on "fast money" -- >> thank you. >>> a top washington insider will tell been criticizing democrats for the process they're pursuing and the democrats say wait a minute, republicans did it the same way. >> it's been going on for 200 years. and the way the democrats have messed up to this point is not understanding you have to play the game just like the other side. and that's what we have been sucked into this idea that we can be, we can have the moral high ground, we can do everything right. and let the conservatives just pay for this thing by the health insurance industry putting in hundreds of billions of dollars. by the -- >> mike and joe, you guys are the best italian duo in television, you're great anyway, we appreciate you coming on today. >>> just ahead, pepsi is doing something no major soft drink maker has ever done before. and it's aimed at keeping your kids healthier. . >>> six minutes till the closing bell. how some of the most widely held stocks are faring so far. nice gains for alcoa and walmart. 1% and 2% respectively. home depot is lower by half of a percent. over a
coming up on "fast money" -- >> thank you. >>> a top washington insider will tell been criticizing democrats for the process they're pursuing and the democrats say wait a minute, republicans did it the same way. >> it's been going on for 200 years. and the way the democrats have messed up to this point is not understanding you have to play the game just like the other side. and that's what we have been sucked into this idea that we can be, we can have the moral...
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Apr 28, 2010
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sun life financial. >>> your daily realty check, i'm diana olick in washington. mortgage applications fell 3%, but the drop is all re-fis down 9% as the interest rates take higher. and applications surged 7.4% for the highest level since last october as the tax credit is set to expire this friday. check with the realty check tomorrow morning at 11:50 and until then go to the blog, real realtyblog.cnbc.com. gecko: ah, i still have nightmares. anncr: geico. 15 minutes could save you 15% or more on car insurance.
sun life financial. >>> your daily realty check, i'm diana olick in washington. mortgage applications fell 3%, but the drop is all re-fis down 9% as the interest rates take higher. and applications surged 7.4% for the highest level since last october as the tax credit is set to expire this friday. check with the realty check tomorrow morning at 11:50 and until then go to the blog, real realtyblog.cnbc.com. gecko: ah, i still have nightmares. anncr: geico. 15 minutes could save you 15%...
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Jan 8, 2010
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the tenor of debate in washington is going to be less about getting the deficit down immediately although the president will talk a lot in the state of the union about getting the deficit down over the long term, but in the short term people are going to be saying we need to spend it in order to get jobs back. >> know larry will disagree with me on this, but what made me nervous is the ride in the unemployment rate up to 17.3%. what do you think is the best remedy for anything or will the economy heal itself. if you asked people what you expect the fourth quarter would have looked like and i don't think anyone would guess that we have growth. >> you don't look at a single monthly number, but if you look at everything else, initial claims and layoff announcements and the trend, they show an improving trend. >> terms of up five straight months. >> 150,000 just in the fourth quarter. >> let mae just add, guys, quickly. >> joe lavorgna told me that's the best trend in temps for five months going back to the mid-1970s. steve, i know you want to say something about this. >> yeah. >> the forward
the tenor of debate in washington is going to be less about getting the deficit down immediately although the president will talk a lot in the state of the union about getting the deficit down over the long term, but in the short term people are going to be saying we need to spend it in order to get jobs back. >> know larry will disagree with me on this, but what made me nervous is the ride in the unemployment rate up to 17.3%. what do you think is the best remedy for anything or will the...
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May 6, 2010
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>> what's got to happen is i think washington and the cftc, which i know is definitely look into this whole high-speed also -- algorhythmic raiding, go ahead and create regs and rules to slow everything down. especially in high distress times. you see the market coming off, you see riots and greece. you think something must have happened and you hit the panic button. whether it's a knockout trade that happened, whether it be a fat finger, it doesn't matter. this should not be allowed to occur. i'm talking against what we do. this is a great day. >> most people watching have no idea what it is. can you explain it in 30 seconds? >> sure. a knockout trade, if a stock or futures contract reaches a specified point, you are no longer involved in the trade and the person now has taken you out of the trade, knocks you out of the trade. or if a stock or a commodity or a currency trade level, you lose x amount of money knocks you out of the trade at a certain point. >> mark, you rarely if at all come on tv. what made you come on "fast money" tonight to talk about this? . >> as someone who's bee
>> what's got to happen is i think washington and the cftc, which i know is definitely look into this whole high-speed also -- algorhythmic raiding, go ahead and create regs and rules to slow everything down. especially in high distress times. you see the market coming off, you see riots and greece. you think something must have happened and you hit the panic button. whether it's a knockout trade that happened, whether it be a fat finger, it doesn't matter. this should not be allowed to...
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Mar 17, 2010
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a realty check when we come back. >>> welcome back from washington. the government's fist-time home buyer tax credit drove sales, but now it is maxing out. we will have a look with diana olick how that impacts the housing market right now, and what happens when that goes away. >> the home buyer extension begins this friday. so we will see of course the same deadline surge that we saw last november when the original credit expired? now, we do know that that credit drove significant traffic to the housing market last year. we also know that some believe it helped to stabilize home prices at least temporarily. according to the irs, by the end of last year, 1.7 million taxpayers had filed for the $89,000 credit in '08 and '09 netting $4.1 billion in purchasing power. of course, not everyone had filed for '09, but most took the credit immediately to pay for closing costs. the credit for first-timers was originally to expire on november 30th. as you can see, it spurred first-time buyer demand and when it was extended to give them $6,500, first-time buyer de
a realty check when we come back. >>> welcome back from washington. the government's fist-time home buyer tax credit drove sales, but now it is maxing out. we will have a look with diana olick how that impacts the housing market right now, and what happens when that goes away. >> the home buyer extension begins this friday. so we will see of course the same deadline surge that we saw last november when the original credit expired? now, we do know that that credit drove...
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Mar 3, 2010
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with your daily realty check i'm diana olick in washington. mortgage applications surged 15% thanks to mortgage rates dipping below five. that brought a 17% leap in refis and home sales may be on the move as well with purchase applications up 9%. homebuilders hovnanian ended q1 in the black with a gain of $236 million mostly as a result of tax write-offs and fewer cancellations. revenues slid 14% and shares are up 6% and china outpaced the u.s. as the large of the property investment market last year according to cushman and wakefield. investment in china tumbled to 156 billion while investors spent $38.3 billion in the u.s., that's a 64% decrease. chak back at 2:50 and until then go to the blog, realtycheck.cnbc.com. melissa? >> thanks so much. >>> retailer hsn beating street expectations big time with its fourth quarter profit. revenue rose 8% to $838 million versus forecasts of $760 million. the stock is up over 570% year over year and it's up 12% today after that earnings call, hsn inc. ceo mindy grossman joins us now for an exclusive inte
with your daily realty check i'm diana olick in washington. mortgage applications surged 15% thanks to mortgage rates dipping below five. that brought a 17% leap in refis and home sales may be on the move as well with purchase applications up 9%. homebuilders hovnanian ended q1 in the black with a gain of $236 million mostly as a result of tax write-offs and fewer cancellations. revenues slid 14% and shares are up 6% and china outpaced the u.s. as the large of the property investment market...
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Apr 30, 2010
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president obama touched on much of this in his white house press conference today, and cnbc washington correspondent john harwood joins us with all the details. good evening, john. >> reporter: hey there, larry. two big economic stories today. the first is that oil spill in the gulf, which complicates the president's effort to get energy legislation. remember, a key part of his outreach to republicans was expanding oil drilling and trying to per suede environmentalists it was worth the trade-off for getting some sort of action on carbon. in the wake of this oil spill, the balance between environmentalism, it's being more different to strike. >> we're going to make sure that any leases going forward have those safeguards. we've also dispatched teams to the gulf, and -- let me be clear. i continue to believe that domestic oil production is an important part, but i've always said it must be done responsibly for the safety of our workers and our environment. >> the other big economic story today were the gdp figures. the administration, as you know, larry, because we discussed it earlier t
president obama touched on much of this in his white house press conference today, and cnbc washington correspondent john harwood joins us with all the details. good evening, john. >> reporter: hey there, larry. two big economic stories today. the first is that oil spill in the gulf, which complicates the president's effort to get energy legislation. remember, a key part of his outreach to republicans was expanding oil drilling and trying to per suede environmentalists it was worth the...
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Mar 23, 2010
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let's bring in cnbc's diana olick from washington with the full report. really, a lousy housing report, diana. >> yeah, it really was, larry. and it was kind of, dare i say, poe yettic that the hearing on the future came out at exactly the same time when the realtors put out a very lackluster report on the february housing data. let's take a look at that report first. existing home sales fell 0.6% in february from the previous month. of and home prices are down 1.8% from february of 2009. remember, prices should always be measured year over year. most disturbing, though, is that after some improvements, inventories -- that is, the number of homes on the market, rose dramatically from january to february, and that's concerning, because higher inventories mean lower prices. now all this, as i said, underscoring a full week in housing, and that is the secretary's concern on capitol hill this morning as he was grilled on the future of fannie mae and freddie mac. >> we still have an economy that has only been growing now for three quarters. we have unemploymen
let's bring in cnbc's diana olick from washington with the full report. really, a lousy housing report, diana. >> yeah, it really was, larry. and it was kind of, dare i say, poe yettic that the hearing on the future came out at exactly the same time when the realtors put out a very lackluster report on the february housing data. let's take a look at that report first. existing home sales fell 0.6% in february from the previous month. of and home prices are down 1.8% from february of 2009....
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Feb 13, 2010
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as one pupd it put it to me, washington may be writing the stock market letter. right now, scott brown grid lock on health care, and this so-called jobs bill is a good thing. that's right. grid lock right now is a good thing. we're still waiting for real stimulus from supply sales tax cuts. meanwhile, the white house is predicting 10% unemployment and 9% next year. government spending has done next to nothing. bernanke still has no real strategy. we're going to get to all of that with our market panel. who joins us now to talk about these many events of the week. we have peter morici of university of maryland. dan fitzpatrick and john carney returns. you know, dr. frolick, i want to begin with you. not greece, not the euro, not the snows, nothing really week.d stocks from going up the market has peaked in mid january and hasn't moved much in many months. but the fact remains, things may not be so bad. weigh in. >> i think it comes down to earnings, larry. we got some great efshgs. across the board, time warner, ann taylor, a look at comcast, even moodie and sony,
as one pupd it put it to me, washington may be writing the stock market letter. right now, scott brown grid lock on health care, and this so-called jobs bill is a good thing. that's right. grid lock right now is a good thing. we're still waiting for real stimulus from supply sales tax cuts. meanwhile, the white house is predicting 10% unemployment and 9% next year. government spending has done next to nothing. bernanke still has no real strategy. we're going to get to all of that with our...
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Apr 29, 2010
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in washington, this question, how big of a blow will the crisis level to the president's offshore drilling plan? hampton pearson is on that side of the story. hamp, what's the take? >> first of all, you know, we did hear a few moments from the president saying, as you mentioned, the administration's fight finding all-out response to the spill which will reach the gulf tomorrow. including inspects of platforms. there was a briefing this afternoon at the white house that included homeland security secretary janet napolitano, lisa jackson, coast guard officials. they have declared this a spill of natural significance, paving the way for prepositioning of a host of government assets to backstop the control effort business british petroleum which has primary response for the cleanup and the cost. the homeland security secretary and epaed apalestinian straighter will go to the gulf tome. >> bp is the responsible part, required to fund the cost and cleanup operations. our visit to louisiana and the affected areas tomorrow will also help inform our investigation into the causes of this explosion w
in washington, this question, how big of a blow will the crisis level to the president's offshore drilling plan? hampton pearson is on that side of the story. hamp, what's the take? >> first of all, you know, we did hear a few moments from the president saying, as you mentioned, the administration's fight finding all-out response to the spill which will reach the gulf tomorrow. including inspects of platforms. there was a briefing this afternoon at the white house that included homeland...
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Jan 6, 2010
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right now people are unhappy with washington. they're looking at 10% unemployment, looking at gridlock that the appearance of gridlock at least in washington. wondering whether the standard of living for them and their children will be better than in the past and looking for change. you look at our nbc "wall street journal" poll, you see strong numbers saying it's time to elect a new member of congress rather than give the incumbent member a chance. that is a toxic mix for incumbents and particularly for the governing party where democrats are right now. not all of these retirements translate into a loss for the party. in dodd's case, you may have a better chance for a democrat to hold that seat but it's indication of a challenging environment for democrats in 2010. >> and so, when you see two democrats, six republicans you don't read anything into that, do you, in terms of the balance of power between the parties and the common discussion out there, which is that republicans will win in the midterms? >> most times when you have
right now people are unhappy with washington. they're looking at 10% unemployment, looking at gridlock that the appearance of gridlock at least in washington. wondering whether the standard of living for them and their children will be better than in the past and looking for change. you look at our nbc "wall street journal" poll, you see strong numbers saying it's time to elect a new member of congress rather than give the incumbent member a chance. that is a toxic mix for incumbents...
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Apr 5, 2010
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but just for a while. >>> i'm diana olick in washington. starting today the government will pay you to move. but only if you're in trouble on your mortgage. is it fair? you know we'll discuss it. >>> and i'm darren rovell in augusta, georgia, where you know who is coming back. we'll tell you why this is the perfect venue for that comeback. >>> first, you know, scott wapner had some thoughts. he's at the new york stock exchange. >> just about 20 points or so away from dow 11,000. the market has not been there since september of 2008. that's either on an intraday basis or a closing level. number of catalysts at play today. certainly reaction to that jobs report on friday. then some positive reports today. the ism nonmanufacturing report and
but just for a while. >>> i'm diana olick in washington. starting today the government will pay you to move. but only if you're in trouble on your mortgage. is it fair? you know we'll discuss it. >>> and i'm darren rovell in augusta, georgia, where you know who is coming back. we'll tell you why this is the perfect venue for that comeback. >>> first, you know, scott wapner had some thoughts. he's at the new york stock exchange. >> just about 20 points or so away...
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Mar 8, 2010
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i don't like washington's policies either. what i'm saying is or begancally, internally, profits are the mother's milk. when you combine that with the zero fed interest rate, i just don't think you can fight the tape on this. >> i'm losing the tape battle now. you have to remember the -- >> i lost eight few times myself. it is okay. >> reason you use mustard seeds, put them on the ground and worms come out of the ground looking for the mustard seed. >> we don't want the worms. we don't like the worms. all right. thanks so much. appreciate it. i will take it back over to you two. >> aig and metlife reaching a $15 million deal. >> the nasdaq is at its highest levels in 18 months. should you invest in tech? two analysts will give you their take. >>> so listen, we -- we -- this is just an extraordinary crowd. and -- but -- i love you back. there's some people i want to -- i want to point out who are here, who have been doing great work. first of all, give leslie a grape round of place for her wonderful introduction. somebody who h
i don't like washington's policies either. what i'm saying is or begancally, internally, profits are the mother's milk. when you combine that with the zero fed interest rate, i just don't think you can fight the tape on this. >> i'm losing the tape battle now. you have to remember the -- >> i lost eight few times myself. it is okay. >> reason you use mustard seeds, put them on the ground and worms come out of the ground looking for the mustard seed. >> we don't want the...
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Jan 14, 2010
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next on the show, what is the fed's take on washington's new war cry? steve liesman joins us with an exclusive interview with dallas fed president richard fisher. dow 15,000 by next year? the traders almanac says yes. before you print out the hats, art cashin, hear what needs to happen first in order to make the prediction come true. >>> we continue our exclusive newsmakers on this special edition of "street signs." steve liesman will bring in a very special guest. steve? >> thanks, erin. joining us from dallas, federal reserve president and ceo richard fisher. >> steve, good to see you. >> all you have to be is half as animated as barney frank, it will be a terrific interview. let me get right to the date we lad today which retail sales coming worse than expected by economists on the negative side in december, jobs number negative in december, minus 85,000. what's the state of the recov y recovery. >> what do you expect for 2010? >> i i think there is a recovery under way. i think it will be tepid. we're still going to have a problem with unemployment
next on the show, what is the fed's take on washington's new war cry? steve liesman joins us with an exclusive interview with dallas fed president richard fisher. dow 15,000 by next year? the traders almanac says yes. before you print out the hats, art cashin, hear what needs to happen first in order to make the prediction come true. >>> we continue our exclusive newsmakers on this special edition of "street signs." steve liesman will bring in a very special guest. steve?...
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Feb 24, 2010
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wall street is watching washington very carefully today. we'll pull it all together on the other side of the break.
wall street is watching washington very carefully today. we'll pull it all together on the other side of the break.
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Jan 21, 2010
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as always in washington, it depends on the details. what is clear is you can't use deposits insured by the fdic to fund more risky ventures than plain vanilla loans. >> i thought you already weren't supposed to that. >> only 10% of the bank can be loaned to an affiliate. >> i would assume that would go to zero based on what the president says. john, this is one of these things, there's a lot in the air, stocks createred during the speech. stocks are coming back a little, john. is there a fact sheet, john? some details that we can all get our arms around? >> i would start by confessing that if steve liesman is confused, i'm even more confused. i don't know how mechanically this will work. we have to have time to look it over. >> i thought the rule under 23 ha was you couldn't use deposits. you could use profits from the bank for these other things, but that's what the firewall was all about. >> from the holding company. >> it's a limitation of the access of any affiliate of the bank, and it limits it to 10% of the capital. >> so the key
as always in washington, it depends on the details. what is clear is you can't use deposits insured by the fdic to fund more risky ventures than plain vanilla loans. >> i thought you already weren't supposed to that. >> only 10% of the bank can be loaned to an affiliate. >> i would assume that would go to zero based on what the president says. john, this is one of these things, there's a lot in the air, stocks createred during the speech. stocks are coming back a little, john....
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Apr 6, 2010
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i'm diana olick in washington. fannie mae's chief economist tells cnbc home prices will dip once more before hitting bottom. he also says foreclosures are working their way through the system, and another source says a new wave of foreclosures will hit this month. apartment rents are up according to -- and more bankers and brokers earned bankers cite strong servicing rights. check back with the realty check up next tomorrow morning at 11:50. until hedge, go to our blog. >> thank you, diana. the nation's transportation secretary reagency after toyota is hit with a fine. phil lebeau just spoke with him a few moments ago. >> strong words from ray lahood about whether toyota is paying a big enough fine. fine on the company. keep in mind toyota has $25 to $30 billion in cash. some say the fine is not big enough. here's what the secretary had to say when i asked him a few minutes ago about it. >> we are limited to $16 million, because that's what the law says, but if you look at testimony when i was asked about this, i t
i'm diana olick in washington. fannie mae's chief economist tells cnbc home prices will dip once more before hitting bottom. he also says foreclosures are working their way through the system, and another source says a new wave of foreclosures will hit this month. apartment rents are up according to -- and more bankers and brokers earned bankers cite strong servicing rights. check back with the realty check up next tomorrow morning at 11:50. until hedge, go to our blog. >> thank you,...
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Jan 13, 2010
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perhaps the most stimulative thing they can do in washington, d.c. right now for our economy is take a two-year recess or something. stop creating uncertainty in the america marketplace. the number one thing holding back this recovery, which is a jobless one unfortunately. >> would it be in the interest of the republicans and comeback attempt to have some kind of contract with america such as they had back in '94, would you support that, work on that? >> absolutely. more importantly is a clear set of ideas. not just good enough to say, we think barack obama is doing a bad job. you've got to say what you need to do instead. whether it's stop the growth the federal government, stop spending money we don't have, provide some certainty in the tax code in this country, so people -- not to mention tax cuts that are not just meaningful, but permanent. so people understand what the rules of the game are, and are willing to once again invest in an american economy that provides them with certainty in terms of what the outcomes are. >> marco, real quick, the r
perhaps the most stimulative thing they can do in washington, d.c. right now for our economy is take a two-year recess or something. stop creating uncertainty in the america marketplace. the number one thing holding back this recovery, which is a jobless one unfortunately. >> would it be in the interest of the republicans and comeback attempt to have some kind of contract with america such as they had back in '94, would you support that, work on that? >> absolutely. more importantly...
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Apr 29, 2010
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washington. as the clarity on senator chris dodd's financial reform legislation is taking away our fears about the banks, and taking off that worst-case scenario. that's gone. just imagine how far we can go now that there are not one, but two adults in the district of columbia. scott in florida. scott. >> caller: hey, jim. big confused b-b-b-boo-yah. >> then let me answer, get it straight for you, partner. what's up? >> i want to own warren buffet. >> you want to own him personally? i could get him on the phone. i could talk to becky quick or something. go ahead. >> next best thing, brk-b. it's complicated. i get in and out. i don't get it. you have financial reform coming up. can't get a read on what moves the stock. i don't know what the upside potential is and what kind of target price is indicated. help me out. >> one is there's a lot of worry, from my friend larry kudlow that buffet is going to lose this battle of having to put up more money for his credit default swaps. second, it is a rail
washington. as the clarity on senator chris dodd's financial reform legislation is taking away our fears about the banks, and taking off that worst-case scenario. that's gone. just imagine how far we can go now that there are not one, but two adults in the district of columbia. scott in florida. scott. >> caller: hey, jim. big confused b-b-b-boo-yah. >> then let me answer, get it straight for you, partner. what's up? >> i want to own warren buffet. >> you want to own him...
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Mar 22, 2010
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at what point does the market start to suffer as a result of washington? >> i think my message has been the same. i think we're going to peak between 11,500 and 13,000 between memorial day and labor day. last night, that has an overall negative impact on the market for the second half of the year, certainly end of third quarter and fourth quarter. dividend stocks, people have to be careful. rates so low they're reaching for the kimberly clarks, the -- some of the drug stocks as a b substitute. >> dan, tell me why that's not true. you're saying people want to reduce volatility, there's a shift in demographics that's causing all these baby boomers to grow more caution and for that reason dif dend stocks are going to continue their bull run? >> i think what you're going to have, this is an equity oriented generation. people aren't going to give up totally on equity. when you're going to see that adjustment in volatility, i agree with paul, people are going to move down the food chain, look for lower volatility stocks and look for the the higher and more secur
at what point does the market start to suffer as a result of washington? >> i think my message has been the same. i think we're going to peak between 11,500 and 13,000 between memorial day and labor day. last night, that has an overall negative impact on the market for the second half of the year, certainly end of third quarter and fourth quarter. dividend stocks, people have to be careful. rates so low they're reaching for the kimberly clarks, the -- some of the drug stocks as a b...
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May 13, 2010
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it's making the wall street case very, very difficult in washington and your poll numbers in washington are sort of like your pulse rate. that sort of tells you how alive you are. >> pretty amazing, actually. toyota is getting 1%. >> is 15% figure, do you know what the figure was if we asked that question in october '07 dow 14,000? >> i don't think we asked the question in october '07, so we don't really know. i will say on sue's point a moment ago, this is a fight between two weeklings. nobody has healthy poll numbers and as for financial regulation reform, this has been in training for a long time and it is going to pass. some things have gotten tougher, but i wouldn't discount the ability of, first of all, the lobbying efforts on behalf of the banks but also their relations with the obama administration and some senior democrats in the congress, as well as republicans, to temper some of those provisions. i do think the most far reaching provision on derivatives forcing those wall street institutions to spin off those, i think that is going to get dialed back before this passes next w
it's making the wall street case very, very difficult in washington and your poll numbers in washington are sort of like your pulse rate. that sort of tells you how alive you are. >> pretty amazing, actually. toyota is getting 1%. >> is 15% figure, do you know what the figure was if we asked that question in october '07 dow 14,000? >> i don't think we asked the question in october '07, so we don't really know. i will say on sue's point a moment ago, this is a fight between two...
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Jan 8, 2010
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hampton pearson is in washington right now. hampton, what struck you about the president's commentary there? >> reporter: well, not so much what the president had to say, but you heard the last question, as he stepped away from the microphone. question was, no more stimulus needed? no answer from the president. it was interesting. you know he talked about today's jobs report. yes, a disappointment. but in a bit of a glass half full commentary, talking about the -- now we're at about 10% pace in terms of losing jobs as we were when he first came into office just about this time -- [ technical difficulties ] >> all right, hampton, thanks very much. that was hampton pearson, unfortunately we lost that shot. we apologize. get back to hampton as news develops. we are going to take a short break. look at the prospects of a second stimulus package and the difference between perhaps a second stimulus and the jobs package being discussed right now. coming out of washington. when we come back we're talking tech as well. tom bradley from
hampton pearson is in washington right now. hampton, what struck you about the president's commentary there? >> reporter: well, not so much what the president had to say, but you heard the last question, as he stepped away from the microphone. question was, no more stimulus needed? no answer from the president. it was interesting. you know he talked about today's jobs report. yes, a disappointment. but in a bit of a glass half full commentary, talking about the -- now we're at about 10%...
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Apr 1, 2010
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all these government policies coming out of washington. do you think if you're a large business you hold back? remember, regulations have to be implemented. the mandates themselves are a little bit unclear and we sort of generically know. what do these large corporations do? maybe the small companies do. how does it show up in the job statistics? >> i think it shows up initially as being just where people are putting their toe into the water, testing the temperature and not being as aggressive with their risk taking, but, again, once we get some certainty and some clarity, then i think employers will go forward. as to whether we're going to return something like the wild west where very little deregulation. i don't think there is an appetite there on main street, too. >> we have breaking news. >> how many new jobs do we need to get the unemployment rate down? 125,000 on the pay roll survey or maybe the household survey. the household survey had two big months and that's very positive. >> consistent over each month you needed in excess of 1
all these government policies coming out of washington. do you think if you're a large business you hold back? remember, regulations have to be implemented. the mandates themselves are a little bit unclear and we sort of generically know. what do these large corporations do? maybe the small companies do. how does it show up in the job statistics? >> i think it shows up initially as being just where people are putting their toe into the water, testing the temperature and not being as...
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Mar 24, 2010
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something that we have been talking about for a while here, because there is these problems coming out of washington for investors at least. a lot of concerns about mounting deficits, a lot of concerns about increasing taxes, a lot of concerns about health care. how much do you think that china and the google china situation might be playing into what we are seeing in the bottom line? >> well, china is toastly relevant to what is going on here. i don't know that we have to be so negative about it, because people who overweight treasuries and maybe cutting the overweight for good reasons. the dow jones industrial average is up 0.05% this month. and some will move out of the market. don't forget at the end of the month, the fed will stop buying mortgage-backed securities and they crowded everybody out of that, and that is why a lot of people are overweight treasuries, so there is a temptation to get back into the area of the market where they have not been, trish, for a long time. >> and i don't believe it is google, because google has rallied late morning, because some perception that there is a dete
something that we have been talking about for a while here, because there is these problems coming out of washington for investors at least. a lot of concerns about mounting deficits, a lot of concerns about increasing taxes, a lot of concerns about health care. how much do you think that china and the google china situation might be playing into what we are seeing in the bottom line? >> well, china is toastly relevant to what is going on here. i don't know that we have to be so negative...
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Mar 9, 2010
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now that he's reappointed i think he should stand up to washington. i think he should stand up to wall street. >> how would he do that? >> one, i think he needs to move away from almost a narrow single focus on unemployment as being the only thing that matters for monetary policy. >> we love it. i'm exaggerating a little bit there, but he puts almost all of his emphasis on that and partly that's what washington cares about. washington cares about nothing else about how many people are employed. the fed's ability to change is quite limited. >> right. that's the point. >> exactly. so you can't really do much except call some inflation, and i think he needs to show congress that he's willing to break from them. my opinion, i think he's also -- i would think he's pandered on consumer protection and he's given what they wanted in terms of credit card regulation and mortgage regulation and he's even gone as far as saying he'd be happy to see the fed have consumer protection as another one of his mandates. they don't do the mandates they have well now, so i
now that he's reappointed i think he should stand up to washington. i think he should stand up to wall street. >> how would he do that? >> one, i think he needs to move away from almost a narrow single focus on unemployment as being the only thing that matters for monetary policy. >> we love it. i'm exaggerating a little bit there, but he puts almost all of his emphasis on that and partly that's what washington cares about. washington cares about nothing else about how many...
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Mar 18, 2010
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looks like you have a beautiful day down there in washington. >> it is a beautiful day, both with the weather and the job's bill. >> thank you very much. >>> some sad news occurring, jerome york has passed away. let's get to jim goldman. he is standing by. >> first word of this sad news that he suffered a massive sureebial hemorrhage earlier this week tuesday evening. apple now confirming that one of its members of its board of directors, jerry york, has, indeed, bassed away from suffering of that issue there. he was the former cfo of ibm and chrysler. also well known for his work at general motors. he joined apple's board back in 1997 and was the longest serving member of apple's board. clearly extremely influential on the company, on steve jobs' steve jobs issuing a statement earlier today saying "jerry joined apple's board in 1997 when most doubted the company's future. he has been a pillar of financial and business expertise and insight on our board for over a dozen years. it's been a privilege to know and work with jerry and i am going to miss him a lot." that from steve jobs. je
looks like you have a beautiful day down there in washington. >> it is a beautiful day, both with the weather and the job's bill. >> thank you very much. >>> some sad news occurring, jerome york has passed away. let's get to jim goldman. he is standing by. >> first word of this sad news that he suffered a massive sureebial hemorrhage earlier this week tuesday evening. apple now confirming that one of its members of its board of directors, jerry york, has, indeed,...
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Jan 22, 2010
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maria, washington is a major factor. >> it sure is. the continued upset and uncertainty over the president's plans regarding the banking sector, once again, pressuring this market, and that is why we have the weakness that we have. in fact, just days ago, federal reserve chairman ben bernanke's reconfirmation by the senate looked like a sure thing. this is the latest upset for traders today. democratic staffers were confident that there would be a vote today, however, it did not happen. instead today, we're seeing bernanke's support in the senate eroding by the hour. this, the breaking story of the afternoon. for weeks now, cnbc's senior economic's reporter steve liesman has been reporting daily on bernanke's prospects and that vote. now, let's get to him and his team. they called all 100 senators to see where they stand. steve joins us now with more on that. steve, what are you hearing? >> reporter: maria, thank you. the surprised comment this morning from the senate leadership that they were uncertain about having enough votes to com
maria, washington is a major factor. >> it sure is. the continued upset and uncertainty over the president's plans regarding the banking sector, once again, pressuring this market, and that is why we have the weakness that we have. in fact, just days ago, federal reserve chairman ben bernanke's reconfirmation by the senate looked like a sure thing. this is the latest upset for traders today. democratic staffers were confident that there would be a vote today, however, it did not happen....
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Apr 23, 2010
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that imnaeman from washington. it prospers because americans want to make a buck and get ahead. we're seeing the economy recovering and more people getting optimistic about their ability to make a buck. and that's a very powerful force. it's important to separate how you feel politically about what might be coming down the pike, separate that from your confidence that the american economy -- >> i'm bullish politically. >> that's what i think is going to happen pop i'm a tea party bull. >> off 10% a year total return. >> i'm a tea party bull on the total politics. that's what i'm trying to persuade steve moore. we're going to have a tea party leader on later in the program that's going to review the bidding. this is the single biggest political revolution right now which could reverse all of your negative bearish, scowling attitudes towards the v-shaped bull market recovery. >> i will agree with you, if we get a political correction in november, i think that is extremely bullish, and i'm not saying that as a republi
that imnaeman from washington. it prospers because americans want to make a buck and get ahead. we're seeing the economy recovering and more people getting optimistic about their ability to make a buck. and that's a very powerful force. it's important to separate how you feel politically about what might be coming down the pike, separate that from your confidence that the american economy -- >> i'm bullish politically. >> that's what i think is going to happen pop i'm a tea party...